Shake Shack announced a business update for Q4 2021.
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In doing so, the company recorded quarterly sales of $203.3 million (+20.8% yoy) and full-year sales of $739.9 million, representing growth over 2020, of +41.5%. Same-store sales, or sales per store, grew +20.8% at the quarterly level and +24.2% at the annual level. This once again continued the recovery phase from the lockdown times.
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In addition, in 2021, 36 new Shake Shack stores could be opened and for 2022, another 45-50 new stores are planned to be opened. 19 new stores (including 13 company-owned and 6 licensed stores) could be opened in Q4 alone.
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However, the published figures are only preliminary unaudited results for the fourth quarter, which is why deviations are still possible until the final results. Nevertheless, the stock market reacted very positively to this news and the share rose by up to +17%.
